Paraguay 1907 - Banco de la República 5 Pesos with 1912 State Overprint (Pick 127, Base Pick 156)
As a PMG 64 Choice Uncirculated example of the cataloged 1912 state-overprint type, this note is a major reference piece for Paraguayan provisional paper money. It combines the rarity of high-grade emergency currency, the clarity of the 1912 state overprint, the technical quality of Waterlow & Sons engraving, and the historical importance of Paraguay’s attempt to restore monetary authority during a period of crisis. It is not simply a high-grade overprinted note; it is the standard 5 Pesos state-revalidated form against which the issued and dual-side fiscal varieties can be properly understood. Read more →
rarity
ParaguayOverprint Issue19075 PesosPMG 64 Choice Uncirculated Overprint Issue5 PesosPick 127Pick 156Base Pick 156State OverprintSingle-Side OverprintFace OverprintProvisionalEmergency State IssueFiscal RevalidationGovernment RevalidationWaterlow & SonsWaterlow & Sons LondonBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Moneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintGuilloché Security DesignIntaglio PrintingBlue UnderprintBrown ReverseNational EmblemParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityCurrency RevalidationPublic Finance HistoryHistoryParaguayRepublic of Paraguay19071912PMG 64Choice UncirculatedMuseum GradeR7 Extremely Rare
Held